Word: states
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Each start-up pitch was limited to one minute, in which time presenters had to state their business vision and what sort of investment and management they would require. The pitches catered to a variety of needs. Suggestions ranged from a Web site offering virtual career experiences, to a device that would automatically alert a call center when the elderly wearer falls, to online video cooking technique demonstrations...
...Tough economic times will mean tough choices,” McGovern said, adding that the guidelines presented a way of making those choices. Cambridge spends about twice as much per pupil as other districts in the state, but the most recent Massachusetts Comprehensive Assessment System (MCAS) results show that the district suffers from a significant black-white achievement gap and scores well below the state average...
...been built on short-term loans, based on the idea that income from the projects would buoy liquidity and help roll forward debt payments. For example, Dubai's driverless metro system, one of the most advanced in the world, is financed through three-year notes, which the city-state believed they could renew as ticket fees helped pay the interest. Now, the international consortium that is building the system - including the Japanese construction giants Mitsubishi and Obayashi as well as the Turkish company Yapi Merkezi - are probably left with huge fees unpaid...
...believer there could be a substantial amount of off-balance-sheet debt as well). About 40% of the official debt is held by British banks, 30% by E.U. firms, about 9% by U.S. institutions and 7% by Japanese ones. According to a source close to Dubai World, the city-state's representatives now wants to write off some $30 billion of its debt...
...feel sorry for the five British yachtsmen who set sail from the tiny Middle East state of Bahrain last week. First, a dodgy propeller apparently stalled their vessel's progress toward the nearby emirate of Dubai. Worse still, seemingly adrift in the Persian Gulf, their 60-ft. boat appears to have inadvertently coasted into the territorial waters of Iran. Duly halted by Iranian naval vessels on Nov. 25, the men - seasoned sailors who had planned to take part in a yacht race from Dubai the following day - were swiftly whisked into the uncertain fate of Iranian custody at a moment...